Tax time can be stressful and confusing for everyone, including property owners and landlords. That said, not everyone is an expert, so it’s important to pay close attention to essential tax documents and requirements. One of the most significant tax forms for landlords is 1099. If you have a management team, like Bay Property Management […]
Tag Archives: tips for property management
07
Oct
Oct
Property managers wear many hats throughout completing daily tasks. Property owners may not realize just how much property management and property maintenance go hand in hand. However, arguably a property manager’s most important role is to coordinate and complete necessary maintenance to the home. In addition, rental maintenance is directly linked to tenant satisfaction and […]
01
Sep
Sep
When it comes to job security, seeking out a growing and in-demand industry is a must. For ambitious and detail-oriented individuals, a career in the property management industry may be just what you are looking for. Whether you choose to become a property manager or start your own property management firm, a career in real […]
13
Aug
Aug
As the concept of owning rental properties as a solid investment grows, so does the number of property management jobs needing to be filled. Many individuals may not realize how this industry can benefit their long-term careers. This is a great opportunity for driven individuals looking for both professional and financial growth. Furthermore, ideal property […]
13
Jul
Jul
Facilitating property tours for prospective tenants is an essential part of being a landlord. In fact, this step in the process is just as crucial as marketing to and screening potential renters. Most landlords realize that showing their property in the best possible light is crucial. Sometimes a deep clean, staging furniture, or boosting […]
02
Feb
Feb
In a perfect world, every tenant would move in on the first and out on the last day of the month. However, the reality is never perfect. As a matter of fact, moving in after the first is very common throughout the rental industry. So, when the lease begins on any day other than the […]
22
Dec
Dec
Choosing a bank that has the right services for your rental property business needs involves careful consideration. After all, you do not want to entrust your money to a bank led by someone such as William R. Beamon. Beamon swindled more than $20,000 in rent payments and security deposits from unknowing tenants. To top it all […]
22
Dec
Dec
Self-managing your Laurel rental property may sound like a good idea initially. However, what you may not realize when you get into the rental property business is how much work is involved, and how much money needs to go into properly managing every aspect of your tenant’s stay in your investment property. Not understanding the […]
29
Sep
Sep
Owning rental property in Philadelphia comes with a lot of responsibility. Aside from the administrative side of being in the rental property business – tenant screening, lease drafting, and rent collection – there is a definite hands-on side to leasing an investment property as well. Whether you self-manage your rentals, or employ Philadelphia’s best property […]
01
Mar
Mar
As a real estate professional who owns rental property, it is crucial you make an effort to protect your investment in every way possible. One of the best ways to do that is to have a homeowner’s insurance policy in place from the minute a tenant takes up residence in your income property. Finding the […]